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📰 【Kaiko: South Korea Accounts for 30% of Global Crypto Trading Volume, Altcoins Make Up 85%】
BlockBeats News, April 15, according to crypto data firm KaikoData, South Korea accounts for 30% of global crypto trading volume, with altcoins making up as much as 85%, Bitcoin only accounts for 9%, and Ethereum 6%.
South Korean exchanges have an average weekly trading volume of $2.62B, dominated by altcoins, showing strong speculative characteristics.
In contrast, Japan's crypto trading volume remains stable at $2-3 billion per month, which is far lower than South Korea, but Bitcoin's 1% market depth is 3-5 times that of South Korea, providing better liquidity.
South Koreans use 30% of the global trading volume to play with 85% of altcoins. $BTC and $ETH together only account for 15% in their eyes—this is not investment, but a nationwide frenzy for hundredfold coins.
The neighboring Japanese market has three to five times the depth, with solid liquidity.
Hot money spins in the casino, and all we can do is wish them good luck. 👇👇👇👇👇